Chile’s Chacao Bridge project - futuresecured

Chile’s landmark Chacao Bridge project now looks to be back on a sound footing, with completion expected in late 2022 or early 2023. This projects for the 2.6km-long bridge was to have been built jointly by Brazilian firm OAS and South Korean company Hyundai. However OAS hit financial difficulties and had to withdraw from the project. As a result, Hyundai will now buy the 49% stake OAS had in the project. As Hyundai already has a 51% stake in the bridge project, this will give the firm total ownership ove
July 19, 2018 Read time: 2 mins
Chile’s landmark Chacao Bridge project now looks to be back on a sound footing, with completion expected in late 2022 or early 2023.


This projects for the 2.6km-long bridge was to have been built jointly by Brazilian firm 1511 OAS and South Korean company 236 Hyundai. However OAS hit financial difficulties and had to withdraw from the project. As a result, Hyundai will now buy the 49% stake OAS had in the project. As Hyundai already has a 51% stake in the bridge project, this will give the firm total ownership over the works.

The project has been subject to a number of delays and an earlier plan was cancelled at a fairly late stage over cost concerns. The new bridge will be a suspension type structure designed to cope with the often severe earthquakes in the area. It is also being designed and constructed to cope with high winds (of up to 240km/h) and strong sea currents that also occur in the area.

Building the bridge will provide an important transport link to Chiloe Island, providing a key economic boost to the area in terms of tourism and trade. The new bridge will replace the current ferry traffic on which the islanders rely, cutting travel times to just three minutes compared with the 25-45 minutes that the ferry crossing involves.

Finance & Funding

For more information on companies in this article

Related Content

  • Mini-bridge aids Forth repairs
    July 17, 2012
    An engineering "first" means that rehabilitation work on a vital Scottish bridge built over 40 years ago can be carried out smoothly A new report to the Forth Estuary Transport Authority (FETA) in Scotland recommends appointing Balfour Beatty Civil Engineering of Edinburgh as 'preferred bidder' to carry out the scheduled replacement of the bridge's main expansion joints in 2009. However, the report to the bridge authority says the tender price of £13.7 million (US$21.3 million) is some £5 million ($7.8 mill
    Read More
  • Washington DC’s historic bridge replacement project
    June 11, 2019
    The project to replace a historic bridge in US capital Washington DC is providing major challenges for its builders - Mike Woof writes
    Read More
  • Turkish highways and bridge project financing secured
    June 7, 2018
    The financing package that will pay for Turkey’s €2.43 billion Malkara to Çanakkale highway and 1915 Çanakkale Bridge has now been secured. This follows on from Mott MacDonald completing its technical due diligence of the project documentation. The project will be handled under the PPP model. The centrepiece of the project is the €1.68 billion Çanakkale 1915 bridge. This will be over 4.6km long, with a 2,023m main span that will be the longest in the world for a suspension bridge. It will allow a clearance
    Read More
  • Cebu-Cordova Link Expressway opens
    April 28, 2022
    The 8.5km expressway, in which Cowi was owners engineer for the client Metro Pacific Tollways, incorporates the longest and tallest bridge in the Philippines.
    Read More

Highlighted Content